The company said it announced its intention to implement organizational changes, including modernizing processes and systems, an expected workforce reduction, optimizing procurement, and seeking real estate savings, on November 8, 2024.

1. 01

   The company said it announced its intention to implement organizational changes, including modernizing processes and systems, an expected workforce reduction, optimizing procurement, and seeking real estate savings, on November 8, 2024.

2. 02

   Booking Holdings said it believes these efforts will improve operating expense efficiency, increase organizational agility, and free up resources to be reinvested in improving its offerings for travelers and partners.

3. 03

   The company said it will consult with works councils, employee representatives and other relevant organizations, and expects more detail on timing, expected impact on employees and financial impact to emerge in due course.

4. 04

   The company said it is currently unable to make a good faith determination of an estimate or range of estimates required under Item 2.05 because the consultation process, legal requirements in multiple jurisdictions and its cost analysis are not complete. It said it intends to file an amendment to this report after making that determination.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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